It supports an organisation’s risk prevention, provides support once fraud is detected, and, crucially, it covers financial losses.
Business fraud insurance protects against fraud committed by what are known as ‘trusted persons’. From permanent and temporary staff, through to external contractors and consultants, you’re covered for theft, fraud, embezzlement or damage to property.
It also covers businesses from certain external threats perpetrated by scammers and organised criminals. This includes robbery, theft, fraud and main variants of the increasing threat of social engineering.
Business fraud insurance can also sometimes be referred to as commercial crime insurance or fidelity insurance.
How business fraud insurance works
Prevention is always better than cure, which is why business fraud insurance equips your organisation with the know-how to prevent and identify fraudulent acts.
And in the event of a claim you’re given access to crisis management support to deal with an incident, as well as being indemnified for direct financial losses and other costs incurred.
Complete the form for your free no-obligation Business Fraud Insurance consultation.
Alternatively, call us Mon-Fri, 09:00–17:00 on +44 (0)20 7860 2063.
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